Can I retire at age 30 with 694,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $694,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$57,310$56,799$56,301$55,815$55,341$54,268
2 years$28,371$27,843$27,331$26,834$26,353$25,276
3 years$18,726$18,196$17,685$17,193$16,719$15,672
4 years$13,905$13,376$12,870$12,387$11,924$10,915
5 years$11,013$10,487$9,988$9,514$9,065$8,097
6 years$9,085$8,563$8,072$7,608$7,173$6,246
7 years$7,709$7,191$6,707$6,255$5,833$4,949
8 years$6,677$6,164$5,688$5,247$4,839$3,997
9 years$5,875$5,367$4,899$4,470$4,075$3,275
10 years$5,234$4,731$4,271$3,853$3,472$2,712
11 years$4,710$4,212$3,761$3,353$2,986$2,266
12 years$4,273$3,780$3,337$2,941$2,588$1,906
13 years$3,904$3,416$2,982$2,597$2,257$1,612
14 years$3,588$3,105$2,679$2,305$1,978$1,370
15 years$3,314$2,837$2,419$2,056$1,742$1,169
16 years$3,075$2,603$2,193$1,841$1,539$1,000
17 years$2,864$2,397$1,996$1,654$1,365$858
18 years$2,676$2,215$1,822$1,490$1,214$738
19 years$2,509$2,053$1,668$1,347$1,082$636
20 years$2,359$1,907$1,531$1,220$966$549
21 years$2,223$1,777$1,408$1,107$865$474
22 years$2,099$1,658$1,297$1,006$775$410
23 years$1,987$1,551$1,198$917$696$355
24 years$1,884$1,453$1,108$836$625$308
25 years$1,789$1,364$1,026$763$563$267
26 years$1,702$1,282$952$698$507$232
27 years$1,621$1,206$884$639$457$202
28 years$1,547$1,137$822$585$412$175
29 years$1,477$1,072$765$537$372$152
30 years$1,413$1,013$712$493$336$132
31 years$1,352$957$664$453$304$115
32 years$1,296$906$619$416$275$100
33 years$1,243$858$578$382$249$87
34 years$1,193$813$540$352$225$76
35 years$1,146$771$505$324$204$66
36 years$1,102$732$473$298$185$58
37 years$1,061$695$442$275$168$50
38 years$1,021$661$414$253$152$44
39 years$984$628$388$234$138$38
40 years$949$598$364$215$125$33
41 years$915$569$341$199$113$29
42 years$884$542$320$183$103$25
43 years$853$516$300$169$93$22
44 years$825$492$282$156$85$19
45 years$797$469$265$144$77$17
46 years$771$448$249$133$70$15
47 years$746$427$234$123$63$13
48 years$722$408$219$114$58$11
49 years$699$389$206$105$52$10
50 years$678$372$194$97$48$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $694,000, adding $2,596 every year, while hoping to spend $21,494 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 72/11/17 Blend
29$694,000$694,000$694,000$694,000
30$767,466$730,684$719,927$819,513
31$822,878$743,618$721,175$867,350
32$883,222$756,465$721,744$916,873
33$948,977$769,199$721,590$970,551
34$1,020,673$781,791$720,664$1,028,793
35$1,098,892$794,208$718,916$1,092,047
36$1,184,274$806,419$716,294$1,160,809
37$1,277,523$818,387$712,743$1,235,625
38$1,379,415$830,073$708,206$1,317,095
39$1,490,806$841,437$702,621$1,405,883
40$1,612,636$852,435$695,926$1,502,718
41$1,745,939$863,019$688,054$1,608,405
42$1,891,858$873,139$678,936$1,723,832
43$2,051,646$882,742$668,500$1,849,975
44$2,226,688$891,771$656,669$1,987,911
45$2,418,506$900,163$643,363$2,138,829
46$2,628,778$907,855$628,500$2,304,037
47$2,859,350$914,777$611,991$2,484,978
48$3,112,257$920,854$593,746$2,683,240
49$3,389,740$926,009$573,670$2,900,577
50$3,694,268$930,157$551,662$3,138,920
51$4,028,559$933,211$527,618$3,400,397
52$4,395,608$935,074$501,429$3,687,355
53$4,798,714$935,647$472,981$4,002,380
54$5,241,511$934,822$442,155$4,348,323
55$5,728,004$932,487$408,826$4,728,325
56$6,262,603$928,521$372,864$5,145,849
57$6,850,167$922,797$334,133$5,604,713
58$7,496,048$915,179$292,491$6,109,122
59$8,206,145$905,523$247,789$6,663,714
60$8,986,956$893,677$199,874$7,273,600
61$9,845,638$879,480$148,582$7,944,413
62$10,790,079$862,760$93,746$8,682,361
63$11,828,969$843,338$35,188$9,494,288
64$12,971,883$821,020$0$10,387,735
65$14,229,369$795,603$0$11,375,970
66$15,613,050$766,874$0$12,470,335
67$17,135,734$734,604$0$13,674,575
68$18,811,532$698,552$0$14,999,859
69$20,655,991$658,464$0$16,458,495
70$22,686,245$614,071$0$18,064,043
71$24,921,169$565,089$0$19,831,449
72$27,381,565$511,215$0$21,777,182
73$30,090,353$452,132$0$23,919,391
74$33,072,786$387,504$0$26,278,073
75$36,356,694$316,975$0$28,875,270
76$39,972,741$240,171$0$31,735,266
77$43,954,716$156,695$0$34,884,827
78$48,339,852$66,128$0$38,353,446
79$53,169,177$0$0$42,173,624
80$58,487,902$0$0$46,385,049
81$64,345,843$0$0$51,032,293
82$70,797,898$0$0$56,150,910
83$77,904,559$0$0$61,788,896
84$85,732,486$0$0$67,999,140
85$94,355,134$0$0$74,839,923
86$103,853,447$0$0$82,375,470
87$114,316,621$0$0$90,676,552
88$125,842,948$0$0$99,821,156
89$138,540,740$0$0$109,895,221
90$152,529,355$0$0$120,993,448
91$167,940,318$0$0$133,220,195
92$184,918,567$0$0$146,690,461
93$203,623,821$0$0$161,530,970
94$224,232,083$0$0$177,881,372
95$246,937,304$0$0$195,895,553
96$271,953,215$0$0$215,743,094
97$299,515,340$0$0$237,610,869
98$329,883,224$0$0$261,704,810
99$363,342,877$0$0$288,251,849
100$400,209,479$0$0$317,502,059